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Clouds replied May 13, 2008Yeah, we'll see. I just wouldn't "count" on those lows again. Sure the US is struggling, but so is everyone else. I read stuff about how bad the US economy is all the time, but I really think we are just cry babies. Other countries just aren't ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
Ok, but keep in mind in 95' it was due to intervention, the US planned to depreciate the dollar, and publicly announced it, which was called plaza accord. Then when it hit 80 they decided to reverse it, by more intervention. It was a disaster, ...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
It's not going lower, I believe. UJ was `104 in 1995, and 102 in 2000, 132 in 2002, and 127 in 2007. We are at the lows in 2008. There isn't room to go lower. Would you sell UJ now, if you knew you had to cash out in 3 months?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
I gonna agree , even though Dow is making a slight come back now.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
If GJ does 50% retrace, would you think it would retrace the whole move today, or just the gain today from yesterday's high? Any thoughts?
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
GJ has been respecting the 15Min SMA thus far.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
Look at Eur/JPY and Cad/JPy they are STRong, so . . should bring up all crosses, GJ too. Careful shorts.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
I may consider shorting after the bell. You sure love shorts. I wish I had shorted with you at 209.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
I think GJ stopped listening to UJ, and rather listen to EJ.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
CAD is at parity again, which "MAY" create some dollar buying.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
Well. I'm long since this morning, (based on yesterday's bullish bar), seems like right now the market can't make up their mind. I think it wants to still go up this week.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
This daily bar, looks like a cross, indecision??
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
Yeah, and if the stock market can recover, and UJ can go through 105, would be real good for all the /JPY crosses....Hope so
Cesarnc's market talk, gossips, rumours & fun
- Clouds replied May 13, 2008
Im long EJ, but good luck short EU
Cesarnc's market talk, gossips, rumours & fun
- Clouds replied May 13, 2008
I look at EJ for guidance for GJ
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
Crosses appear to be done retracing... Let's see...
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
Im hoping I can keep my Long through this retracement.....Assuming it is a retracement.
Auslanco - GBP/JPY and GBP/USD (newstrade)
- Clouds replied May 13, 2008
No doubt will it go up/down on the way up there, but I would think that by friday we will have built a pretty high sand castle.
Auslanco - GBP/JPY and GBP/USD (newstrade)